Jefferies Financial Group Brokers Lower Earnings Estimates for Konica Minolta, Inc. (OTCMKTS:KNCAY)
Konica Minolta, Inc. (OTCMKTS:KNCAY – Get Rating) – Analysts at Jefferies Financial Group decreased their FY2023 EPS estimates for Konica Minolta in a research note issued on Thursday, June 16th. Jefferies Financial Group analyst M. Nakanomyo now anticipates that the company will post earnings per share of $0.21 for the year, down from their prior forecast of $0.55. The consensus estimate for Konica Minolta’s current full-year earnings is $0.37 per share. Jefferies Financial Group also issued estimates for Konica Minolta’s FY2024 earnings at $0.47 EPS.
Shares of OTCMKTS KNCAY opened at $6.89 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.21 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average price is $7.13 and its two-hundred day moving average price is $8.12. Konica Minolta has a 52-week low of $6.52 and a 52-week high of $11.59. The stock has a market capitalization of $1.73 billion, a P/E ratio of 62.64 and a beta of 1.02.
Konica Minolta Company Profile (Get Rating)
Konica Minolta, Inc engages in digital workplace, professional print, healthcare, and industrial businesses in Japan, the United States, Europe, China, other Asian countries, and internationally. The company develops, manufactures, and sells multi-functional peripherals, digital printing systems, and related consumables, as well as IT and printing solutions and services.
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